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Jayson Derrick
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About the Author: Jayson Derrick has over 7 years experience in the world of high frequency trading having assumed several positions within the industry. The first as a trader where he traded millions of shares daily, a risk manager overseeing more than $75 million in trader funds, and then the... More
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  • Holiday Week Preview 0 comments
    Dec 24, 2012 8:41 AM

    Here is what you need to know to prepare for next week's trading. Courtesy of the trading desk at Prompt Trader, a proprietary trading firm dealing in US equities. Come check out our FREE chat room and take advantage of exclusive member only trading rates. Trade for as low as $1.95 a trade! www.prompttrader.com/

    This week will be one of if not the slowest trading week of the year as terms of expected volume and news releases.

    Stocks To Watch - Earnings

    Thursday Jan 3 - Earnings before the bell FDO, WOR. Earnings after the close SONC

    Jan 4 - Earnings before the bell FINL, MOST.

    Economic Datas:

    Wednesday, December 26th: US (Case Shiller, Richmond Fed); EuroZone (N/A);Other (Japanese Small Business Confidence, Chinese Industrial Profits YTD, Japanese Vehicle Production, Chinese Leading Index)

    · Thursday, December 27th: US (Initial Jobless Claims, Continuing Claims, Consumer Confidence, New Home Sales); EuroZone (French Producer Prices, French Consumer Confidence, Italian Business Confidence, Italian Economic Sentiment, British Home Prices);Other (Japanese Housing Starts, Japanese Construction Orders, Taiwanese Leading Index, Taiwanese Coincident Index, Hong Kong Trade Balance, Japanese PMI, Japanese Jobless Rate, Japanese CPI, Japanese Retail Trade, Japanese IP)

    · Friday, December 28th: US (Chicago Purchasing Manager, Pending Home Sales); EuroZone (French GDP, French Consumer Spending, Spanish Retail Sales, Italian PPI, Spanish Current Account);Other (N/A)

    News To Follow:

    The treasury will declare it has run out of borrowing capacity. Emergency measures should buy it a few more months so the end of February is the 'real' crucial date. Expect a Moody's downgrade or at the very least a warning of a downgrade.

    Expectations for a 'large' fiscal cliff deal are quickly fading away. Hopefully a 'mini' plan can be pushed through and we can all pretend for just a few more months that everything is perfect and ignore the issues even more.

    Europe - The lack of any substantial news should be a positive for the market (no news is good news). Several countries (Spain, France) will be given more time to achieve fiscal targets.

    China - The momentum continues for Chinese equities, which have gained 9% this month, as the SHCOMP grinded slightly higher (+.27%)

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